We are pleased to share ‘Implementation of IFRS 17 Insurance Contracts – Consideration for those charged with governance’ which has been issued by the Global Public Policy Committee (GPPC)1

IFRS 17 heralds a new era of accounting for insurance contracts because it sets out principles-based requirements that aim to improve the comparability of the measurement and presentation of insurance contracts across entities reporting in jurisdictions applying International Financial Reporting Standards. The impact of IFRS 17 will be felt by many stakeholders, including, but not limited to: preparers of financial statements, those charged with the governance of entities that issue insurance contracts, investors, regulators, analysts and auditors.